Greif Bros. (NYSE:GEF.B) Hits New 1-Year High – Here’s Why

Greif Bros. Corporation (NYSE:GEF.B) reached a new 52-week high on Wednesday. The stock traded as high as $117.33 and last traded at $115.6450, with a volume of 125,128 shares changing hands. The stock had previously closed at $116.57.

Greif Bros. Trading Down 1.1%

The business’s 50 day simple moving average is $108.99 and its 200 day simple moving average is $93.62. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23.

Greif Bros. (NYSE:GEF.B) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.46 earnings per share for the quarter. The business had revenue of $1.17 billion during the quarter. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC bought a new stake in shares of Greif Bros. in the 2nd quarter valued at approximately $1,334,000. Paladin Partners LLC purchased a new position in shares of Greif Bros. in the 2nd quarter worth approximately $1,049,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Greif Bros. in the 2nd quarter worth approximately $86,000. Hedge funds and other institutional investors own 5.13% of the company’s stock.

About Greif Bros.

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial and paper-based packaging. Founded in 1877 as a cooperage business, the company has expanded from manufacturing wooden barrels into a diversified packaging organization serving customers in a range of industries.

Greif’s products include steel, fiber and plastic drums; intermediate bulk containers; containerboard and corrugated products; paper sacks; and other specialty and protective packaging. The company also provides packaging-related services, including container reconditioning, recycling and logistics support.